New Mexico vs Wyoming vs Delaware for a private LLC

New Mexico vs Wyoming vs Delaware: none of the three requires the owners' names on the formation filing. The difference is what the company costs to keep. A New Mexico LLC files no annual report and pays no annual fee to the Secretary of State; Wyoming wants a report and a license tax every year; Delaware charges $400 every June. For privacy at the lowest upkeep, New Mexico (NM), a U.S. state, wins. For a U.S. venture raise, Delaware is the standard.

New Mexico vs Wyoming vs Delaware: how do they compare?

Does the filing keep the owner's name private in all three?

On paper, yes: none of them requires members or managers on the formation filing. But in all three, whoever signs it appears on it: the organizer in New Mexico and Wyoming, the authorized person in Delaware. Sign it yourself and your name is on the record anyway. A service provider in that role is what keeps you off it. EXNNA signs as organizer and acts as your registered agent. See how an anonymous LLC works.

Why does New Mexico come out ahead of Wyoming and Delaware?

Privacy is built into the filing, and the State asks almost nothing to keep the company. A domestic New Mexico LLC files no annual report and pays no annual fee to the Secretary of State. It only has to keep a registered agent and registered office in the state at all times. Here is what a registered agent does.

What does a Wyoming LLC cost to keep?

Wyoming charges $100 to form. Then, every year, the LLC files an annual report by the first day of the month it was formed, with a license tax of $60 or 0.0002 of its Wyoming assets, whichever is greater. The head-to-head is in Wyoming vs New Mexico LLC.

When is Delaware the right call?

When you plan to raise from U.S. venture funds. Delaware is the venture standard: the C-Corp and LLC investors expect. It costs more to keep: the State charges $110 to form and a $400 annual tax due by June 1, with a $200 penalty plus 1.5% monthly interest if you pay late. Delaware is coming soon to EXNNA.

New Mexico, Wyoming or Delaware: which should you pick?

• Your name off the record, lowest upkeep: New Mexico.
• A U.S. venture raise on the roadmap: Delaware.
• Already set on Wyoming: budget for the yearly report and tax.

If cost is what decides it, see the cheapest state to form an LLC. Ready for New Mexico? Form your LLC online in about two minutes, no ID documents needed, and check every option on our pricing.

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